Alcoa Inc. (NYSE: AA) and BlueScope Steel Limited (ASX: BSL) will try to rise in price

BlueScope Steel Limited (ASX: BSL) climbs higher

In brief: Alcoa Inc. (NYSE: AA) and BlueScope Steel Limited (ASX: BSL) begin to rally against the increase in metal prices and overall positive.

Metals prices are rising. Alcoa Inc. (NYSE: AA) began trading with 10.64 points and can gain about 1% by the end of the day. BlueScope Steel Limited (ASX: BSL) is about 2.39 points, gaining 3.02% today.

Australia’s largest steel worker BlueScope Steel has reported a net profit for the second half to end June 30 of $ 154 million compared with a loss of $ 473 million, recorded a year earlier. Favourable associated with improved outcomes in the domestic market, as well as sales growth in Asia. In addition, the role played by higher prices for steel, which was in this period 41%.

Igor Tringlers
2010-08-16 11:23, Commodities.

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